Evonik to Sell U.S. and Canadian Cyanide Businesses; Boost H2O2 Capacity.

Evonik Industries says it has agreed to sell its U.S. and Canadian cyanide businesses, dedicated to the gold mining industry, to private equity firm Oaktree Capital Management. Financial terms of the deal were not disclosed. The cyanide business is a part of Evonik's cyanide CyPlus Group unit. The deal includes a 50% share in Cyanco (Winnemucca, NJ), a liquid sodium cyanide joint venture with Nevada Chemicals, and two subsidiaries of CyPlus: CyPlus Canada and CyPlus Corp. The number of employees in the businesses to be sold is about 40. All of …